Tag Archives: Technological change

World Development Report 2020: Trading for Development in the Age of Global Value Chains

The World Bank has recently launched the World Development Report 2020, entitled “Trading for Development in the Age of Global Value Chains.” Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and …
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